|Year of offer||2019|
|Subject level||Undergraduate Level 1|
|Fees||Subject EFTSL, Level, Discipline & Census Date|
This subject focuses on the nature of accounting from the perspective of a preparer of financial reports. The method of recording and reporting transactions in an accounting system to ultimately provide the foundation for judgements and decisions in preparation of financial reports will be covered. The importance of accounting within the Australian external reporting environment is explained as well as an introduction to the Conceptual Framework for accounting that provides a theoretical underpinning of accounting standards and reporting.
Intended learning outcomes
- Identify the principal regulatory authorities that influence the framework for external financial reporting in Australia and explain their roles and functions in this process.
- Describe the nature and objectives of General Purpose Financial Reporting
- Explain the key components of the Conceptual Framework for accounting as it applies to the preparation of general purpose financial statements.
- Record accounting transactions and prepare the Balance Sheet and the Income Statement.
- Explain the main issues to be considered in relation to reporting of key transactions and balances reported in the Balance Sheet and Income Statement.
- Describe the nature of company transactions and account for various capital transactions and profit distribution.
- Construct and analyse a Cash Flow Statement.
High level of development: problem solving; use of computer software.
Moderate level of development: written communication; collaborative learning; team work; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas.
Some level of development: oral communication; statistical reasoning.
Eligibility and requirements
|Code||Name||Teaching period||Credit Points|
|ACCT10001||Accounting Reports and Analysis||
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
Core participation requirements
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
|First half of the teaching period||5%|
|Second half of the teaching period||15%|
|End of semester||70%|
|Throughout the semester||10%|
Dates & times
- Summer Term
Mode of delivery On Campus — Parkville Contact hours Summer Semester: two 2-hour lectures and two 1-hour tutorials per week for 6 weeks Total time commitment 170 hours Teaching period 2 January 2019 to 15 February 2019 Last self-enrol date 11 January 2019 Census date 18 January 2019 Last date to withdraw without fail 8 February 2019 Assessment period ends 2 March 2019
- Semester 1
Principal coordinator Warren Mckeown Mode of delivery On Campus — Parkville Contact hours Semester 1 and Semester 2: one 2-hour lecture and one 1-hour tutorial per week; Summer Semester: two 2-hour lectures and two 1-hour tutorials per week for 6 weeks Total time commitment 170 hours Teaching period 4 March 2019 to 2 June 2019 Last self-enrol date 15 March 2019 Census date 31 March 2019 Last date to withdraw without fail 10 May 2019 Assessment period ends 28 June 2019
Semester 1 contact information
- Semester 2
Principal coordinator Warren Mckeown Mode of delivery On Campus — Parkville Contact hours Semester 1 and Semester 2: one 2-hour lecture and one 1-hour tutorial per week; Summer Semester: two 2-hour lectures and two 1-hour tutorials per week for 6 weeks Total time commitment 170 hours Teaching period 29 July 2019 to 27 October 2019 Last self-enrol date 9 August 2019 Census date 31 August 2019 Last date to withdraw without fail 27 September 2019 Assessment period ends 22 November 2019
Semester 2 contact information
Time commitment details
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
This subject contributes to the following:
- Breadth options
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.